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Financials and Investment News in Egypt

Egypt Elected To Chair African Group At WTO Agricultural Negotiations
4/2/2018 - Minister of Trade and Industry Tarek Qabil said the African group at the World Trade Organization has unanimously elected Egypt through its trade representation office in the permanent diplomatic miss...
CBE: Foreign Currency Reserves Up To $42.6 Bn By End Of March
4/2/2018 - Foreign currency reserves hit a record high by the end of March, reaching 42.611 billion dollars, the Central Bank of Egypt said .

This is a 16.6-percent increase on reserves of February, wh...
Nasr: National Strategy Of Non-Banking Financial Sector Goes With Presidential Program
4/2/2018 - Investment and International Cooperation Minister Sahar Nasr said the national strategy of the non-banking financial sector is consistent with the presidential program for the next four years.

...
Trade Minister: Egypt's Exports To France Jump 36.4% In 2017
4/2/2018 - Egypt's commodity exports to France jumped 36.4% in 2017, said Trade and Industry Minister Tarek Qabeel .

The volume hit 572 million euros, compared to 420 million euros in 2016, according to...
Egypt Re-Elected Liaison For WTO African Group
4/2/2018 - The World Trade Organization's (WTO) African Group unanimously re-elected Egypt as the liaison point for the African group in agriculture and in non-agricultural market access (NAMA) negotiations, Egy...
Egypt's Non-Oil Business Sector Activity Shrinks in March
4/3/2018 - Egypt’s non-oil private sector activity contracted again in March although businesses registered improved export orders for the third consecutive month, a survey showed .

The Emirates NBD Eg...
Egypt: Govt's Recently Launched IPO Program
4/3/2018 - Within the framework of the ongoing comprehensive reform program adopted by the government, a promising IPO program has recently been announced as a means to expand ownership base, raise additional ...
Egypt Will Be 'Global Data Center Hub' in Coming Period
4/3/2018 - Communications and Information Technology Minister Yassir el Qadi said that his ministry's strategy aimed at turning Egypt into a "global data center hub" in the coming period.

Speaking at a ...
Egypt Bourse Posts Collective Gains, Amid Optimism over Sisi's Winning in Presidential Polls
Egypt Bourse Posts Collective Gains, Amid Optimism over Sisi's Winning in Presidential Polls 4/3/2018 - The Egyptian Exchange (EGX) indexes posted collective gains and made a new record at the close of trading supported by intensive foreign and domestic investors' purchases amid optimism over an econom...
Egypt Falls on Failed Buyout Offer, Gulf Mostly Lower
4/3/2018 - Egyptian stocks fell , hit by a plunge in index heavyweight Global Telecom after the company’s majority shareholder withdrew a buyout offer, while Saudi Arabia stabilised after three days of falls.
Egypt's Current Account Deficit Down By 64% Y-O-Y in H1 2017/18, Driven By Tourism, Remittances
4/3/2018 - Egypt's current account deficit contracted by 64 percent year-on-year in the first half of fiscal year 2017/18, driven by a rebound in tourism receipts and remittances from Egyptians working abroad, a...
Egypt Plans to Increase Cotton Production to Meet High Export Orders
4/3/2018 - After a catastrophic year for Egypt’s cotton industry in 2016, a demand for the Egyptian white gold has emerged in the global market.

In the wake of a remarkable decrease witnessed in Egypt’s...
Egypt to Meet Investors This Week Ahead of Euro-Denominated Bond
4/3/2018 - Egypt will start meeting bond investors in Europe this week ahead of a potential euro-denominated bond issue, a document from one of the banks appointed to arrange the meetings showed .

It ha...
Egypt Exports To Spain Hit Euro 640.5 Mn In 20
4/4/2018 - Minister of Trade and Industry Tarek Qabil has said Egyptian exports to Spain achieved a notable progress over the past year to hit euros 640.5 million in 2017 up from 420.5 million euros in the year ...
Egypt:PM Reviews Project On Use Of Technology In Developing Education
4/4/2018 - Prime Minister Sherif Ismail on Tuesday 3/4/2018 chaired a meeting to review the ongoing preparations to provide tablets, as part of a national plan involving use of technology to develop the educatio...
Egyptian Ministry of Finance Signs Cooperation Protocol with UNICEF to Ameliorate Social
Egyptian Ministry of Finance Signs Cooperation Protocol with UNICEF to Ameliorate Social 4/5/2018 - Ministry of Finance has lately signed a cooperation protocol with the UNICEF in light of Finance Minister, Mr. Al-Garhy, efforts to enhance social security programs for all society categories, includ...
Egyptian Top-Delegation in Khartoum to Attend Meeting on GERD
4/5/2018 - An Egyptian top-delegation arrived on in Khartoum to take part in a nine-party meeting on the Grand Ethiopian Renaissance Dam (GERD).

The Egyptian delegation, grouped Foreign Minister Sameh S...
Egypt To Revamp Railways With EGP 55 Bln Investment Up To 2022
4/9/2018 - Egypt's Minister of Transport Hisham Arafat has announced a project to revamp the national railway network, with EGP 55 billion to be invested up to 2022.

During a surprise visit to Giza rail...
Egypt Not To Issue More Eurobonds In 2018 - Official
4/10/2018 -  Egypt will not need to issue any more Eurobonds until the end of 2018 at least, Deputy Finance Minister for Capital Market Operations Khaled Abdelrahman said .

Abdelrahman’s comment came a d...
Egyptian Inflation Rates Fall to Lowest Levels in Almost 2 Yrs
4/10/2018 - Egypt’s inflation rates fell in March to their lowest levels in almost two years, paving the way for more interest rate cuts in the wake of a 2-percentage-point decline since February.

Inflat...

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